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A Brief History of Ponzi Schemes Craig J. Cantoni In 1920, Carlo Ponzi was sentenced to prison for a pyramid scheme that defrauded investors out of an estimated $15 million, or $159 million in today’s inflated dollars.
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Document Date: 2009-03-02 01:58:09
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A Brief History of Ponzi Schemes Craig J. Cantoni In 1920, Carlo Ponzi was sentenced to prison for a pyramid scheme that defrauded investors out of an estimated $15 million, or $159 million in today’s inflated dollars.